PHX Energy Services Corp. (TSX:PHX) ("PHX Energy" or the "Corporation") has
declared a cash dividend of $0.07 per common share designated as an "eligible
dividend" within the meaning of subsection 89(1) of the Income Tax Act (Canada),
and payable on June 13, 2014, to shareholders of record at the close of business
on May 30, 2014. The ex-dividend date is May 28, 2014.


ABOUT PHX ENERGY SERVICES CORP.

The Corporation, through its directional drilling subsidiary entities, provides
horizontal and directional drilling technology and services to oil and natural
gas producing companies in Canada, the US, Albania, Russia, and Colombia. PHX
Energy develops and manufactures its E-360 electromagnetic ("EM") and P-360
positive pulse measurement while drilling ("MWD") technologies that are made
available for internal operational use. In addition as the result of an
acquisition completed in November 2013, PHX Energy provides electronic drilling
recorder ("EDR") technology and services, through RigManager Services.


The common shares of PHX Energy are traded on the Toronto Stock Exchange under
the symbol "PHX".


FOR FURTHER INFORMATION PLEASE CONTACT: 
PHX Energy Services Corp.
John Hooks
esident and Chief Executive Officer
(403) 543-4466


PHX Energy Services Corp.
Cameron Ritchie
Senior Vice President, Finance and Chief Financial Officer
(403) 543-4466
www.phxtech.com
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